Pershing Gold Corporation (PGLC) Director Barry C. Honig Buys 5,000 Shares
Pershing Gold Corporation (NASDAQ:PGLC) Director Barry C. Honig acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 23rd. The stock was purchased at an average cost of $2.90 per share, with a total value of $14,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Pershing Gold Corporation (PGLC) traded up 1.1562% during trading on Tuesday, reaching $2.9133. The company had a trading volume of 29,078 shares. Pershing Gold Corporation has a 52-week low of $2.60 and a 52-week high of $4.41. The company has a 50-day moving average of $2.99 and a 200-day moving average of $2.91. The firm’s market capitalization is $82.74 million.
An institutional investor recently raised its position in Pershing Gold Corporation stock. Cambridge Investment Research Advisors Inc. grew its stake in shares of Pershing Gold Corporation (NASDAQ:PGLC) by 42.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 450,624 shares of the basic materials company’s stock after acquiring an additional 133,640 shares during the period. Cambridge Investment Research Advisors Inc. owned about 1.59% of Pershing Gold Corporation worth $1,257,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 19.73% of the company’s stock.
Several research firms recently weighed in on PGLC. Zacks Investment Research downgraded Pershing Gold Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. Noble Financial reaffirmed a “buy” rating on shares of Pershing Gold Corporation in a research note on Monday, August 21st.
Pershing Gold Corporation Company Profile
Pershing Gold Corporation is a gold and precious metals exploration company. The Company focuses on exploration, development and mining opportunities in Nevada. The Company is focused on exploration at its Relief Canyon properties in Pershing County in northwestern Nevada. The Company operates its business directly and also through its subsidiary, Gold Acquisition Corp.
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